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CoffeeCat

(24,411 posts)
14. Could this be a trend...
Fri Feb 17, 2012, 03:14 PM
Feb 2012

...because foreclosures could cause more legal headaches for the banks? If people who've been foreclosed upon get wise--and
come back at the bank and ask them to produce the note--and they can't--those homeowners could sue.

If the bank pays you in cash, the deal is done and the deal is legal. No recourse for the homeowner.

As the details of all of this fraud comes to light--most homeowners who were foreclosed upon--are going to learn that they
were probably illegally removed from their home. Many of those people will sue.

I think banks are bribing people with cash to avoid some of that.

The corruption and slimy tactics by the banks--continues like a never-ending river of financial abuse perpetrated on the
citizens of this country.

Recommendations

0 members have recommended this reply (displayed in chronological order):

there are no comments here because The Blue Flower Feb 2012 #1
It isn't a surprise but it IS shocking how bad it is lunatica Feb 2012 #2
They won't stop until people start going to jail. K&R - n/t DeSwiss Feb 2012 #3
Agreed. Serious prision time. n/t SomeGuyInEagan Feb 2012 #5
Yeah... kenfrequed Feb 2012 #13
Exactly. It costs money to comply with the law. Hosnon Feb 2012 #7
In related news dipsydoodle Feb 2012 #4
Could this be a trend... CoffeeCat Feb 2012 #14
What they actually said in the tv article dipsydoodle Feb 2012 #20
This story is basically correct, but fails to articulate the real nefariousness. FedUp_Queer Feb 2012 #6
Great explanation - deserves it's own OP! grahamhgreen Feb 2012 #9
Thank you. FedUp_Queer Feb 2012 #15
The destruction of America's wealth by the banks and stock market lovuian Feb 2012 #10
AND every recording requires a fee... YvonneCa Feb 2012 #11
That's one part of it. EFerrari Feb 2012 #17
BINGO. FedUp_Queer Feb 2012 #18
It is. It's a huge organized fraud on American homeowners. EFerrari Feb 2012 #19
Fedup Queer, I’d be delighted to take a seat next to you. ms.smiler Feb 2012 #21
so you are saying the banks and MERS onethatcares Feb 2012 #24
My mortgage transfers weren't recorded in MERS or the Country Clerk's public records. tridim Feb 2012 #23
Here's the deal. FedUp_Queer Feb 2012 #25
We better let them all go with a few minor financial penalties, LOL just1voice Feb 2012 #8
these greedy lenders are deep in Epic Fail teritory. Odin2005 Feb 2012 #12
K&R Solly Mack Feb 2012 #16
recommended Bill USA Feb 2012 #22
Kick! sarcasmo Feb 2012 #26
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